Flexcoin is shutting down

Flexcoin, a site that described itself as the “world’s first bitcoin bank,” has closed after it got hacked and all of the bitcoins it had placed in online storage were stolen, the site recently announced.

On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, which is roughly $600,000.

As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.